Homework Answers
in the function given above when x changes there will be no change in the constant (13500) only the variable parts in the equation will change i.e, 3x and 40500/x hence the total cost will be lowest at the point where 3x =40500/x is lowest
taxing trail and error method
- if x =1 the total of 3x+40500/x =3+40500=40503
- if x =13500 the total of 3x+40500/x = 40500+3=40503
think of a curved diagram it is the point where it is a high as the first point hence the lowest cost will be inside these two points hence if 3x =40500/x it will be the lowest possible outcome
by trial and error if x = 116 then
C(x)= 348 +349+13500 =14197
the lot size should 116 per order
the minimum inventory cost will be 14197
Add Answer to:
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier an...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function () +12500 - 35000 models their total inventory costs (in dollars) as a function of the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing processing. shipping, and storing the equipment. What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) - 3.5z + 10000 + 4000 models their total inventory costs (in dollars) as a function of the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing processing, shipping, and storing the equipment. What lot size should Glorious Gadgets order to minimize their total inventory...
Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $35 per delivery...
Joe Birra needs to purchase malt for his microbrewery production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.20 per gallon. Joe’s annual holding cost per unit is 35 percent of the price per gallon. Joe uses 250 gallons of malt per week. Suppose Joe orders 1000 gallons each time. What is his average inventory (in gal)? Suppose Joe orders 1500 gallons each time. How many orders does he place with his supplier each year?...
1 - XYZ is a retailer and sells 144,000 units per year. It purchases from a...
1 - XYZ is a retailer and sells 144,000 units per year. It purchases from a single supplier. Fixed costs per order are $846 and carrying cost is $8 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity? Enter your answer rounded off to two decimal points. Margin for error: +/- 1 2 - XYZ is a retailer and sells 183,000 units per year. It purchases from a single supplier. Fixed...
supplier? Your company assembles five different models of a motor scooter that is sold in specialty...
supplier? Your company assembles five different models of a motor scooter that is sold in specialty 2 stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,000 each. Because of the unique characteristics of the engine, special...
Need help on E, F, and G. PA 12-3 Joe Birra needs to purchase malt for...
Need help on E, F, and G.
PA 12-3 Joe Birra needs to purchase malt for his... Joe Birra needs to purchase malt for his micro-brew production. His supplier charges $40 per delivery (no matter how much is delivered) and $1.25 per gallon. Joe's annual holding cost is 30% of the price per gallon. Joe uses 200 gallons of malt per week. a. Suppose Joe orders 125 gallons each time. What is his average inventory? gallons (Round your answer to...
1,2,3,4,5,6 1. Most inventory models are based on A) profit maximization. B) optimum influence on demand....
1,2,3,4,5,6
1. Most inventory models are based on A) profit maximization. B) optimum influence on demand. C) minimizing setup times. D) cost minimization. E) minimizing lead time. 2. Lean operations are known for their: a. employee development. b. supplier education. c. supplier partnerships. d. challenging jobs. e. All of the above are attributes of lean operations. 3. A graphic technique for defining the relationship between customer desires and product/service characteristics is: a. Product Lifecycle Management graph b. the moment of...
Suppose that you are the manager of a production department that uses 2400 boxes of rivets...
Suppose that you are the manager of a production department that
uses 2400 boxes of rivets per year. The supplier quotes you a price
of $9.50 per box for an order size of 199 boxes or less, a price of
$9.00 per box for orders of 200 to 499 boxes, and a price of $8.00
per box for an order of 500 or more boxes. You assign a holding
cost of h=20 percent of the price to this inventory. What...
EOQ
Bundaberg Glass Company is a distributor of car windscreens. The windscreens are manufactured in Japan and shipped to Bundaberg. Management is expecting an annual demand of 10 800 windscreens. The purchase price of each windscreen is $400. Other costs associated with ordering and maintaining an inventory of these windscreens are shown below. § The ordering costs incurred in the purchase order department for placing and processing orders for the past three years are shown below. Year Orders placed and processed Total processing...
Peyton Electronics, Inc (PEI) is a small wholesale discount supplier of electronic instruments and parts. PEI’s...
Peyton Electronics, Inc (PEI) is a small wholesale discount supplier of electronic instruments and parts. PEI’s competitive advantage is its deep-discount, three-day delivery guarantee, which allows retailers to order materials often to minimize in-store inventories. PEI processes its records with stand-alone, incompatible computer systems except for integrated enterprise resource planning (ERP) inventory and accounts receivable modules. PEI decided to finish integrating its operations with more ERP modules, but because of cash flow considerations, this needs to be accomplished on a...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function () +12500 - 35000 models their total inventory costs (in dollars) as a function of the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing processing. shipping, and storing the equipment. What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your...
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) - 3.5z + 10000 + 4000 models their total inventory costs (in dollars) as a function of the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing processing, shipping, and storing the equipment. What lot size should Glorious Gadgets order to minimize their total inventory...
supplier? Your company assembles five different models of a motor scooter that is sold in specialty 2 stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,000 each. Because of the unique characteristics of the engine, special...
Need help on E, F, and G.
PA 12-3 Joe Birra needs to purchase malt for his... Joe Birra needs to purchase malt for his micro-brew production. His supplier charges $40 per delivery (no matter how much is delivered) and $1.25 per gallon. Joe's annual holding cost is 30% of the price per gallon. Joe uses 200 gallons of malt per week. a. Suppose Joe orders 125 gallons each time. What is his average inventory? gallons (Round your answer to...
1,2,3,4,5,6
1. Most inventory models are based on A) profit maximization. B) optimum influence on demand. C) minimizing setup times. D) cost minimization. E) minimizing lead time. 2. Lean operations are known for their: a. employee development. b. supplier education. c. supplier partnerships. d. challenging jobs. e. All of the above are attributes of lean operations. 3. A graphic technique for defining the relationship between customer desires and product/service characteristics is: a. Product Lifecycle Management graph b. the moment of...
Suppose that you are the manager of a production department that
uses 2400 boxes of rivets per year. The supplier quotes you a price
of $9.50 per box for an order size of 199 boxes or less, a price of
$9.00 per box for orders of 200 to 499 boxes, and a price of $8.00
per box for an order of 500 or more boxes. You assign a holding
cost of h=20 percent of the price to this inventory. What...
Most questions answered within 3 hours.
-
Can someone explain this code with comments I am supposed to dispay an array an add...
asked 7 minutes ago -
MKT2283 Sales Management Week 2 Assignment
Making Sales Management Decisions – Pronto Retail
Centers
Sales Management,...
asked 14 minutes ago -
Uranium is distributed in a form called yellow cake, which is
made from uranium ore. In...
asked 25 minutes ago -
Python:
Write a func that will create a list of random numbers. The
function will take...
asked 28 minutes ago -
Which of the following statements below is correct? There might
be more than one correct answer....
asked 31 minutes ago -
You find that the annual standard deviation of a stock's returns
is equal to 35%. For...
asked 36 minutes ago -
A 2,000 kg car is traveling at 20.0 m/s down a long mountain
grade of 1.00%....
asked 43 minutes ago -
A baseball is hit almost straight up into the air with a speed
of 26 m/s...
asked 50 minutes ago -
In C++, what is the easiest way to have a program ask for first,
middle and...
asked 49 minutes ago -
1. When evaluating a source in a magazine, journal, newspaper,
or website, which one is NOT...
asked 58 minutes ago -
Write the vb.Net code that displays a 2-column table in a
textbox, displaying (1,2,3, ...., 100) in...
asked 1 hour ago -
When 96.3 g of alanine C3H7NO2 are dissolved in 500. g of a
certain mystery liquid...
asked 1 hour ago